XRP Price Set To Surge: Breaking This Resistance Could Trigger a Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	26,471,831,987	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

26,471,831,987

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0005	-0.10%	0.4841	0.4841	0.4842

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0005

-0.10%

0.4841

0.4842

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.48614	0.4839	0.4847	0.4846	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.48614

0.4839

0.4847

0.4846

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:52:14	5.24	0.4842	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:52:14

5.24

0.4842

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,734,572.82	3,576,476.67	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,734,572.82

3,576,476.67

XRP Price Set To Surge: Breaking This Resistance Could Trigger a Rally

01/07/2024 5:28am

NEWSBTC

XRP price is attempting to recover above the $0.4750 resistance zone. The price could gain bullish momentum if it settles above the $0.480 resistance zone. XRP price is still struggling to gain pace for a move above the $0.4800 resistance zone. The price is now trading above $0.4750 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $0.4735 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.480 resistance. XRP Price Recovers Again XRP price remained stable above the $0.4620 support and recently started a decent upward move like Bitcoin and Ethereum. The bulls were able to push the price above $0.470 to push the price in a short-term bullish zone. There was a break above a key contracting triangle with resistance at $0.4735 on the hourly chart of the XRP/USD pair. The pair even cleared the $0.4750 resistance zone and the 100-hourly Simple Moving Average. A high was formed at $0.4796 and the price is now consolidating losses. The price is testing the 23.6% Fib retracement level of the upward move from the $0.4694 swing low to the $0.4796 high. It is now trading above $0.4750 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4790 level. The first major resistance is near the $0.4800 level. The main hurdle is now near $0.4825. A clear move above the $0.4825 resistance might send the price toward the $0.4880 resistance. The next major resistance is near the $0.5050 level. A close above the $0.5050 resistance zone could send the price higher toward $0.5250. Any more gains might send the price toward the $0.5320 resistance. Another Drop? If XRP fails to clear the $0.480 resistance zone, it could start another decline. Initial support on the downside is near the $0.4745 level and the 50% Fib retracement level of the upward move from the $0.4694 swing low to the $0.4796 high. The next major support is at $0.4730 and the 100-hourly Simple Moving Average. If there is a downside break and a close below the $0.4730 level, the price might continue to decline. In the stated case, the price could even trade below the $0.4640 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4745 and $0.4640. Major Resistance Levels – $0.4800 and $0.4825.

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XRPUSD Ripple